Changes to Stated Amount. At any time when any Letter of Credit is outstanding, at the request of the respective Borrower, the Issuing Bank will enter into an amendment increasing or reducing the Stated Amount of such Letter of Credit, provided that (i) the Stated Amount of a Letter of Credit may not be increased at any time if the conditions set forth in Sections 2.10 and 2.11 or the conditions precedent set forth in Section 6.02 are not satisfied at such time, and (ii) the Stated Amount of a Letter of Credit may not be increased at any time after the Expiration Date.
Appears in 3 contracts
Sources: Credit Agreement (Assured Guaranty LTD), Credit Agreement (Assured Guaranty LTD), Credit Agreement (Assured Guaranty LTD)